Information on the 50 States and the District of columbia

Click to select any of the states in the list below and scroll down to see state requirements.

 

Incorporating in Florida

Corporate Name Requirements

* The name must contain word “corporation”, company” or “incorporated” or an abbreviation. The name may not contain language stating or implying the corporation is organized for purposes other than that permitted by Florida law or articles of incorporation. The name must be such as will distinguish it from another corporation.

Articles of Incorporation Requirements

Director Information

  • Minimum Number – One or more.
  • Residence Requirements. – No provision.
  • Age Requirements – Natural person, age 18 years or older.
  • Directors are not required to be listed in the articles of incorporation.

Officer Information

  • The officers are not required to be listed in the articles of incorporation.

Stock Information

  • An increase in the shares may cause an increase in the initial filing fee.

Yearly Requirements

Annual Statements

  • Annual filing fee is $150. It’s due January 1 and becomes delinquent if not filed by May 1.

Income Tax Rate

  • Every corporation earning or receiving income from any source allocable to Florida must pay a state tax. The rate is 5 1/2% of net taxable income.

For more information on taxes, visit Florida Department of Revenue

 

C-Corporation

  • Shareholders have limited liability protection
  • May be listed and traded as a publiccorporation on the stock market or “over the counter”
  • Has a separate and independent tax status from its owners

S Corporation

  • Profits are not subject to “double taxation”
  • Corporate losses may be “passed through” to share holders
  • Shareholders are afforded the same protection as C Corp.

LLC formation

  • Contains characteristics of both corporation and partnership
  • Shareholders may take advantage of “Pass-Through” taxation
  • Limited liability for share holders

Not for profit corp

  • Eligible for tax-exempt status
  • Limited Liability protection
  • Qualify for public and private gains